As I often say about my wine savvy, I know just enough to be dangerous. For many traders, the same holds true with regard to charting and technical analysis. They know enough to use an RSI (relative strength index) to gauge momentum but really don’t know why they use a parameter of 14. And they… [Read More]
How to Identify Profitable Chart Patterns
Is the human mind programmed to look for patterns, even when there are none? If the stock market is like a casino, ruled by chance, there would not be any patterns for to look for. If however, the whims of its players do influence the price movements of stocks, commodities, currencies or market indices, there… [Read More]
Using Range Days as a Trend Indicator
A range day is probably the best known of all technical analysis terms but least understood. Here’s a tutorial to give you some clarity on what the guidelines are for using range days as a trend indicator.
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